A new era of digital asset trading is underway on Binance as the fan tokens JUV and PSG surge magnificently. Both the tokens formed their respective all-time high and woefully dumped below certain levels.
Socios is a blockchain-based fan engagement and rewards platform exclusively for the sports and entertainment organizations bought by Chiliz. JUV and PSG are among the products of this platform built on Ethereum mainly used for Governance, Rewards, and Staking.
Juventus Fan Token – JUV Price Analysis
Fan tokens are basically a team or a club-specific. They are finite digital assets which provide access to a ledger of voting and membership rights ownership which are encrypted and immutable. The voting platform which is tokenised work on separate permissioned side chain using Fan Tokens.
Such a token is Juventus Fan Token which surged to its heights within hours of listing on Binance. The price shot up from nearly $15 to $38.11 which is its current all-time high since its inception.
Currently, the JUV price has slipped from its ATH position and is trending with a dip of nearly 37 percent. The drastic surge was a result of the token listed on one of the most popular crypto exchange Binance.
Technical Indicators
- The current resistance levels are formed at $36.7
- The current support levels are formed at $18.05
- The technical indicators at present are neutral
At the time of writing, JUV price stands at $23.95 with a jump of 52.17 percent in the last 24 hours.
Paris Saint- Germain Fan – PSG Price Analysis
PSG token is a utility token that gives the fans of Paris Saint-Germain Football Club a tokenized share so that they can participate in the decisions for the betterment of the club. PSG has a total supply of 20,000,000 out of which 1,288,396 were initially distributed to the club fans through a Fan Token Offering.
Also Read : The Graph Token Listed on Major Exchanges! Will GRT Price Hit $1?
The PSG token was recently listed on Binance which resulted in a spike in its prices, shooting up more than 100 percent.
The PSG price rose from just $13.03 to nearly $42.99 with a jump of more than 229 percent within hours but also dumped back. Currently, at the time of composition $27.06 with a jump of 104.50 percent.
Technical Indicators
- The current resistance are formed at $44.21
- The current support are formed at $19.03
- The technical indicators are neutral.
